A manufacturing company plans to bring 177 new full-time permanent jobs to the county over the next five years, according to David Dear, interim county manager.

The company plans to locate at the Foothills Commerce Center in Shelby and will make an official announcement on their plans within the next month, according to officials.

The name of the company is currently being withheld pending that announcement, Dear said Thursday. The company is currently being called Project Lakewood.

“Project Lakewood is a manufacturing company,” Dear said. “They will be building a 150,000-square-foot building in the Foothills Commerce Center. They’re going to announce 177 new jobs and an investment of about $26 million.”

Both the city of Shelby and Cleveland County plan to provide incentives to the company.

Cleveland County is planning an incentive package.

“In that package will be a grant back to the company of 65 percent of their property taxes for a seven-year period and $50,000 towards the site preparation expenses, which essentially is the grading expenses of the site,” Dear said.

The city of Shelby also plans to give the company a one-time grant of $150,000 for site preparation. That funding will come from the city’s general fund reserve.

Public hearings for the incentive grants will be Tuesday evening at the county commissioners meeting and Oct. 7 at the regular city council meeting.